DOGE faces resistance, SOL’s tussle continues as whales swarm to new memecoin

Dogecoin aims for a rally if it closes above $0.17, Solana eyes $170 support, and Rebel Satoshi Arcade gains traction among whales with its meme, GameFi, NFT, and merch integration.

The crypto community is still abuzz with excitement following the approval of spot Ethereum ETFs by the US SEC. However, the market has yet to react positively. Top altcoins like Dogecoin (DOGE) face major resistance and Solana’s (SOL) tussle with the bears continues.

Meanwhile, Rebel Satoshi Arcade (RECQ), a new GameFi memecoin, has emerged as a silver lining. Despite the market falling below expectations, whales have been swarming the presale, hinting at confidence in its potential.

Rebel Satoshi Arcade: The best of GameFi and NFTs

Rebel Satoshi Arcade (RECQ) is the talk of the crypto community, becoming not only a retail favorite but also whales’ new favorite. These large-volume investors have been circling this new altcoin at the intersection of memes, GameFi, and NFTs, gobbling up the presale.

In stage 2 of the ICO, almost 80% of the tokens have sold out, suggesting nothing but investors’ confidence. Its low entry point is one of its many appeals, with a token priced at $0.0044. According to top analysts, early investors could see 65x gains post-launch, making it a horse worth backing.

Another layer of its appeal is its ecosystem, set to contend with the biggest and most popular. It will feature an arcade with a variety of entertaining and engaging games for rebel gamers to have fun and earn rewards. There will also be an NFT marketplace and a merchandise store, with the RECQ token fueling the ecosystem and set for massive adoption.

Dogecoin: Major resistance faced

Dogecoin (DOGE) is a household name in the crypto space—or almost. It leads the memecoin movement as the first fun-inspired and dog-themed cryptocurrency. Its market debut was in 2013 and has since risen to the ranks of the top altcoins.

However, it hasn’t been smooth sailing for the first dog-themed cryptocurrency, considering the volatile nature of crypto. It has traded up and down, skyrocketed and plummeted. This time, it faces major resistance between $0.17 and $0.20, with the bulls seemingly not having enough firepower to swing past these levels.

If the week closes above $0.17, there is reason to be excited: we might see DOGE trading above $0.20. However, if the $0.165 support fails to hold, the bears will be alerted like whales to blood, sparking a selloff. But it is a bull market—the long-term outlook remains bullish—and Dogecoin is one of the best coins to invest in.

Solana: Bulls and bears tussles continues

Solana (SOL), one of the defi powerhouses, is a top ten cryptocurrency. On the altcoin list, it trails behind only Ethereum (ETH) and Binance Coin (BNB), highlighting its leading status. As such, institutional appetite is on the upside and it is seemingly next on the list of altcoins to be wrapped in an ETF following the SEC’s green light to Ether.

However, despite wider bullish sentiments, Solana has been unusually quiet. The standoff between the bears and bulls rages on, with the former having a slight edge. A close below $160 this week might result in more red.

On the flip side, a rally past $170 will bolster investors’ confidence. Many will be willing to bet on Solana’s rising momentum—a scenario likely to play out—placing it on the list of the best cryptos to invest in.

Conclusion

Despite Dogecoin facing key resistance and Solana’s tussle with the bears ongoing, the bulls are betting on a price rise. Meanwhile, Rebel Satoshi Arcade, an up-and-coming GameFi memecoin, is exploding in presale, with its launch set to be one to remember.

To learn more, visit the official Rebel Satoshi Website or contact Rebel Red via Telegram.